## The ideas that I trade by:

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TheRumpledOne
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### Re: The ideas that I trade by:

Thanks MO.

Jalarupa
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### Re: The ideas that I trade by:

MightyOne wrote:
TheRumpledOne wrote:Hey MO:

Did you get my latest email?

TRO wrote:...
What are the reasons you would enter long?

What are the reasons you would enter short?

It is easy to see but difficult to explain, TRO.

Simply be more selective with which horizontal lines you trade; try and get in on a larger
idea rather than trading every possible trigger.

I use a 3.5 line stop loss:

if line #24 is touched then my stop is at 24.5 and I can short 23, 22, or 21.
If line #25 then my stop is 25.5 and I can short 24, 23, or 22.
Price makes a BI to 21, stop at 21.5,...
If price makes a BI to 22+ then stop might go to 25.5.
It is the idea that one simply enters within the space of acceptable risk.

EURUSD_BAR.png

Hey MO,

When you add, what's the math for adjusting stop space if you not doubling? Or are you only doubling to KIS?
Feed my will to feel this moment urging me to cross the line.
Reaching out to embrace the random.
Reaching out to embrace whatever may come.

MightyOne
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### Re: The ideas that I trade by:

Jalarupa wrote:
Hey MO,

When you add, what's the math for adjusting stop space if you not doubling? Or are you only doubling to KIS?

Increasing by a third is (3/4) or 25% less space (space = 75%).

Let's test it out:

\$1 * 10 = \$10
\$1.334 * (10 * .75) = \$10.

Trading 3 or more pairs and then increasing them by a third is the new double.
Last edited by MightyOne on Tue Jun 21, 2016 4:31 pm, edited 1 time in total.

Jalarupa
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### Re: The ideas that I trade by:

Thanking you!
Feed my will to feel this moment urging me to cross the line.
Reaching out to embrace the random.
Reaching out to embrace whatever may come.

Sacrophage
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### Re: The ideas that I trade by:

MightyOne wrote: Simply be more selective with which horizontal lines you trade; try and get in on a larger
idea rather than trading every possible trigger.

I use a 3.5 line stop loss:

if line #24 is touched then my stop is at 24.5 and I can short 23, 22, or 21.
If line #25 then my stop is 25.5 and I can short 24, 23, or 22.
Price makes a BI to 21, stop at 21.5,...
If price makes a BI to 22+ then stop might go to 25.5.
It is the idea that one simply enters within the space of acceptable risk.

EURUSD_BAR.png

Looking pretty darned objective there, Mighty! Why would you NOT enter at your first potential entry line? Say, line 24 touch but decide not to enter on 23...

MightyOne
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### Re: The ideas that I trade by:

Sacrophage wrote:
Looking pretty darned objective there, Mighty! Why would you NOT enter at your first potential entry line? Say, line 24 touch but decide not to enter on 23...

It is based on 2 line reversal HL P&F charts.

There are times when you take 1 line reversals, but that time is not every time.

TheRumpledOne
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### Re: The ideas that I trade by:

MightyOne wrote:
TheRumpledOne wrote:What indicator are you using to draw your levels?

I use the EIGHTSv4 indicator.

EDIT: Lines spaced to 2.5% of the median weekly range is what I define as "short term" trading.

As usual, I can't figure out what you're doing and why!!

USDCADH1.png (46.54 KiB) Viewed 369 times

Eights and Sweetspots are loaded. What is the (significant) difference? I do not SEE it!! What exactly am I missing?

MightyOne
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### Re: The ideas that I trade by:

TheRumpledOne wrote:
As usual, I can't figure out what you're doing and why!!

Eights and Sweetspots are loaded. What is the (significant) difference? I do not SEE it!!

You are looking at it as a thing instead of what it is; nothing, "space", money management.

I might risk .3% per line where each line is 8 pips apart.
I might then increase my size so that I am making .4% per line where each line is 6 pips apart.

Space is simply the visualization of money management.

What is the difference between EIGHTS and SSG? Comments and numbering lines from a point of origin.

MightyOne
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### Re: The ideas that I trade by:

Ideas are not hard as the head is not soft.

USDCAD_BAR.png (188.46 KiB) Viewed 340 times

salezyakuku
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### Re: The ideas that I trade by:

I'm so lazy.

Code: Select all

`"2.5 = " , (median*small)*0.025 , "\n" ,`
"I only see my goals, I don't believe in failure 'Cause I know the smallest voices, they can make it major"